Tag: corporate america

Corporate America is Starting to Shy Away from Woke Business as Backlash Mounts

Florida Capital Star Staff
Office Meeting

American companies are reversing the multiyear trend of hiring more employees in roles related to environmental, social and corporate governance (ESG) issues in an effort to increase profitability and address investor pushback, according to The Wall Street Journal.

U.S. companies shed 3,071 employees with positions related to ESG in December while only adding 2,897, continuing the trend that has been seen in half of the months in the last year of a net loss of ESG positions, according to the WSJ. The shift is in response to investors pulling their funds from companies heavily involved in ESG practices and placing their money in firms where they can get higher returns.

Read More

Poll: Support Declines for Political Involvement by Corporate America

Florida Capital Star Staff

A new survey shows that more Americans are turning against efforts by big corporations to get involved in the political process and advocacy for major political issues.

As reported by Axios, the new poll from the Public Affairs Council shows that 57% of Americans support major companies getting involved in the issue of race relations, compared to 66% who supported such efforts last year. On the issue of abortion, only 36% of Americans support the input of big corporations, down from 41% in 2022.

Read More

Commentary: A GOP Majority Will Pushback on Corporate America

RealClearWire

The results of the 2022 midterms will be dissected endlessly. But among the political ramifications is a very important question for American business executives: With Big Business increasingly involved in political debates (and usually taking sides against Republicans), how will the relationship between the two change under a new GOP House majority?

One answer is that companies should be ready for a wake-up call. This Republican majority will be more populist and less deferential to massive corporations than any that has come to power in the past. Never has the disconnect between executives, employees, and customers been so apparent.

Read More

Commentary: Companies Pandering to the Pro-Abortion Crowd Do Not Support Women in Corporate America

Florida Capital Star Staff

The cynicism of so-called “woke” corporate executives is breathtaking. Their latest pet project – financing and facilitating abortions for their employees – should leave no doubt about their true motivations. 

In the wake of the Supreme Court’s recent ruling overturning Roe v Wade and returning abortion policy back to the states, dozens of companies have publicly committed to help their employees procure abortions out of state if the state in which they reside bans or restricts the procedure. 

Read More